Posts Tagged ‘Business Structure’

Simple Steps You Should Take To Protect Yourself

Here’s one of the main reasons that you should hire a good attorney to assist you with starting your business. Being a business owner makes you a prime target for a lawsuit, especially in our industry.

You absolutely must take measures to protect your assets by limiting your personal liability in case you are sued. Simply filing a “Doing Business As” certificate with the county or state you are operating in will not be sufficient to protect your personal assets if you are sued in a court of law.

However, there are some very simple steps you can take to help limit your liability as a small business owner. Here are a few simple tips for reducing your liability in your martial arts school. Read the rest of this entry »

If you’d like to understand what starting and running your own martial arts school takes, the following is a good solid overview of the process. Before I get into the steps involved in starting a karate school (or other martial art), I’d like to be frank in telling you that starting any business is hard work… probably harder than any other undertaking you’ve ever attempted in your life. There will be setbacks, disappointments, and hardships along the way, but if you stay positive and focused on your goal, take a proactive stance and seek a solution or workaround whenever you face challenges, and stay the course – the payoff will be tremendous. Okay, enough with the pep talk… let’s get on to discussing what you need to do to start a martial arts school… Planning The very first thing you need to do when you are starting out is to write a martial arts business plan. There are two very good reasons for this: 1. If you are going to seek outside funding, there isn’t a lender in the world that will consider giving a prospective entrepreneur a loan if they don’t have a solid business plan. 2. More importantly, you need to have a clear picture of the steps you will take to successfully launch your martial arts school, from start-up through the first Read the rest of this entry »